Gaia Inc (NASDAQ:GAIA) Sees Significant Growth in Short Interest

Gaia Inc (NASDAQ:GAIA) saw a large increase in short interest in the month of November. As of November 29th, there was short interest totalling 1,810,000 shares, an increase of 7.1% from the November 14th total of 1,690,000 shares. Based on an average daily volume of 117,100 shares, the days-to-cover ratio is currently 15.5 days. Approximately 16.5% of the company’s stock are sold short.

Several equities research analysts have weighed in on the company. ValuEngine upgraded Gaia from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Zacks Investment Research downgraded Gaia from a “buy” rating to a “hold” rating in a report on Thursday, November 7th.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC purchased a new position in shares of Gaia in the 3rd quarter valued at about $28,000. FNY Investment Advisers LLC increased its holdings in shares of Gaia by 69.0% in the 3rd quarter. FNY Investment Advisers LLC now owns 8,081 shares of the company’s stock valued at $52,000 after acquiring an additional 3,300 shares during the last quarter. Marshall Wace North America L.P. increased its holdings in shares of Gaia by 76.1% in the 1st quarter. Marshall Wace North America L.P. now owns 7,498 shares of the company’s stock valued at $69,000 after acquiring an additional 3,240 shares during the last quarter. Parametric Portfolio Associates LLC increased its holdings in shares of Gaia by 24.4% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 14,812 shares of the company’s stock valued at $112,000 after acquiring an additional 2,901 shares during the last quarter. Finally, Russell Investments Group Ltd. purchased a new position in shares of Gaia in the 3rd quarter valued at about $117,000. Institutional investors and hedge funds own 45.54% of the company’s stock.

NASDAQ GAIA traded down $0.01 during trading hours on Friday, hitting $8.63. 41,703 shares of the company were exchanged, compared to its average volume of 68,655. The company has a 50 day moving average of $8.25 and a two-hundred day moving average of $7.30. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.26. Gaia has a 52-week low of $5.50 and a 52-week high of $12.17. The firm has a market cap of $161.41 million, a price-to-earnings ratio of -4.40 and a beta of 1.18.

Gaia (NASDAQ:GAIA) last issued its quarterly earnings results on Monday, November 4th. The company reported ($0.23) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.27) by $0.04. Gaia had a negative return on equity of 34.55% and a negative net margin of 51.13%. The company had revenue of $13.66 million for the quarter, compared to the consensus estimate of $13.66 million. On average, equities research analysts predict that Gaia will post -1.04 EPS for the current year.

Gaia Company Profile

Gaia, Inc operates a digital video subscription service and online community that caters underserved subscriber base worldwide. The company has a digital content library of approximately 8,000 titles available to its subscribers on Internet-connected devices. Its subscribers have access to a library of films, documentaries, interviews, yoga classes, transformation related content, and others for digital streaming.

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